All Forum Posts by: Jimmy Rodriguez

definitely finish college, as RE investors we are all about making wise and profitable investments.. a college degree is one of the best investments you'll ever make. Not necessarly because of what you'll be taught, but because it will teach you to learn. That's the most important thing 4 years of college will give a kid.. the ability to "learn"

yeah the place is vacant. I went to the assessor's office yesterday to try and find who and where the owner is. I was able to get her name but unfortunately her mailing address is the house I want to buy! I'm going to write her a letter today and drop it off in the mail box. I'm also gonna put one in the mail in case the mail is forwarded to another place. What a headache!

I guess the best thing to do here is find the county website and find out what happened. I would love to speak with the homeowner if i can find a way to get in contact with him/her.

So I stumbled upon a house that i really liked and after a little research (neighbors and online site) discovered it was a pretty good deal. I tried calling the realtor to set up a showing but it was impossible to get a hold of this guy. I called him 7 times over a period of two weeks and left him a message every time. He never called me back. Has anyone delt with a realtor like this?? Anyway, today I go by the house and the sign out front is gone, so is the online listing. I have no idea what happened with this house, does anyone have an idea of how to go about finding out what did? Any help is greatly appreciated!!

i have to agree, if you can make more money elsewhere, dont waste your time breaking even (or negative)

i agree, anything can be fixed for a price, but do you want the headache of having to do it. Personally, i would make the water damage sound as bad and expensive as possible. Then try to lower your price where you can profit from this problem. Do all the negotiating you can, and make it seem like if you dont buy the property, the seller will have a major problem on his hands.. i would try to make him feel likes hes getting a deal. But sometimes people are stubborn and fell insulted, if thats the case, give the seller your card and tell them if they change there mind to call you.. then just walk away... there are plenty of other fish in the sea

as far as im concerned, it is a great time to buy.. not so good to sell. But if you can hold on to a property for a couple years (renting it out), you will see a good return on your investment.

yeah definitely. I'm going to try to take advantage of it. Yesterday I found two properties im very interested in buying.. strangely enough they are right next to each other. Cosmetically they look horrible... i dont know if they are for sell or not, but they appear to be vacant. After a little research at the county court house i found out that the owners are both out of state, so im going to write them and see if they are interested in selling. Hopefully i can get a steal. As of now im only birddogging but if i can convince the owners to sell, I will definitely buy one (or maybe both) for myself... assuming there is no major damage to the house.

pretty interesting stuff. Thanks for the link. CondoVultures.com actually has some helpful articles on the site about the South Florida real estate market.

the Florida market is terrible right now. Forclosures are at an all time high and the market is expected to continue to drop until the end of 2008 where it will slowly rise in 2009 (source: Orlando Sentinal, Daytona Beach News Journal). I like to think that would make it a great time to buy here but unfortunately getting financing these days is harder than ever because of the record high forclosures. Apparently Miami right now is the worst in the state with its already 20,000 empty condos and 20,000 more yet to be built. The reason those condos are not being filled is because traffic in the downtown area where the condos are located is herrendous and the crime in the area is just as bad. On the bright side, "what goes down must go up" ... those condos are expected to be sold at 30% under value, and the city of Miami will eventually do something about the traffic and crime there... the question is when? in a nutshell, The Florida market is slow, but is expected to rise soon.. but Miami (Dade County really) is in a totally different category.